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If you’ve got money, don’t move to Beijing, Shanghai, or Guangzhou; if you’re down on your luck, short Ethereum.

The bull market’s been back for two months—have you all forgotten?

$BTC The market action over the weekend was insane. I thought the price levels I had in mind for a drop wouldn’t be reached until next week, but it unexpectedly came crashing down over the weekend.

Although I’m bearish overall, I closed most of my short positions at 67,000, so now I can only watch helplessly as it drops 😅

This Bitcoin downturn is basically the same as the drop from 82 to 57 in June this year: both were straight-line declines on the daily chart, with no pullbacks.

Even during the weekend dead zone, it can drop more than 3,000 points in a day. I can’t imagine what next week will be like……..

Right now, I don’t dare chase shorts or go long. In a downtrend, look for opportunities to short the rebounds rather than trying to guess the bottom and going all-in long. #BTC

What’s the market looking like this weekend?

It’s been steadily drifting down, but I don’t dare add to my short position.

I was planning to wait until next week and see if it gets near 1720, but it’s already dropped to 1850…$BTC

$BTC I was watching the U.S. market close at 5 a.m. today. I thought 67,000 would hold as support through the week, but I really didn't expect it to suddenly plunge and wick down to a low of 66,400 over the weekend.

The short position I entered at 70,000 last night—I closed it too early….

$SNDK All short positions have now been closed at take-profit.

There are still two hours until the U.S. market closes. There probably won't be much movement, and prices are unlikely to fall much further. I'll wait until next week to find another entry point.

Given the current ETH/BTC exchange rate, I prioritize shorting Ethereum.

At 6 PM today, Bitcoin signaled a short on a retest of 70,000. It rebounded to a high of 70,187 tonight, then plunged straight to a low of 68,076. Those of you who caught the move made at least 2,000 points in profit. Take profit where appropriate. 67,000 is still a fairly strong support level. #BTC走势分析

The day before yesterday, SanDisk told everyone to short around 980. Last night, U.S. stocks opened and dropped to a low of 871, which could still have netted you 100 points in profit.

I also said Thursday and Friday would mainly trend downward. This morning, there was a chance to rebound to around 967—another opportunity to short.

The bearish outlook is very clear: a rebound on Monday, Tuesday, and Wednesday, followed by a decline on Thursday and Friday. This pattern is very common in U.S. stocks, because the market closes tonight. $SNDK

$ETH Yesterday, ETH was still around 2040, and I told everyone not to try to catch the bottom. We agreed to first watch the daily support at 1950, but today it broke below that and hit a low of 1893, which was beyond my expectations.

Looking at the broader market right now, ETH's decline is far from over. It's currently in the third phase of its daily-chart decline, from 1950 to 1720. That's the next level to watch.

Also, ETH is now in the 1800s, and there's no reason it wouldn't sweep up the liquidity clustered around 1800 below. So every rebound is an opportunity to short.#加密美股齐跌，下轮反弹的驱动力在哪？

$BTC Yesterday, I said the price had broken below the rising trendline around 72000 and told everyone to look for opportunities to go short. It reached a low near 67000. Those who used that article as a reference and went short have locked in at least 3000 points of profit today; if they held on, they could have made as much as 5000 points. Why did I predict yesterday that it would fall straight to a low near 67000? As I said, the chart analysis made it very clear.

What should we expect next? The price has already rebounded from support at 67000. In the short term, it should retest the rising trendline, which is in the 70000–72000 range. I marked it very clearly in Figure 2.

However, this drop is very similar to the fall in June, when the price went from 82 to below 57. So even though there are signs of a rebound now, I won't go long. I'll wait for the rebound to reach a key level, then look for an opportunity to go short.

Ethereum’s trend has turned, giving you more chances to short, but you insist the bull market is still going and keep dreaming of 3,000 or 3,500 by year-end. Then, as the market falls, you keep buying the dip and going long—only to find it keeps dipping lower. In the end, even the 🐶 market makers will take your house.

Even if you missed the chance to short this market and didn’t profit, don’t blindly go long. There are always more opportunities in the market.

Always learn to think for yourself when trading.

Don't try to catch the bottom! Don't try to catch the bottom!

There is no bull market at all. The sharp rises in August and September were all institutions pushing prices up to sell off their holdings. $BTC

My view on the 9th: The daily candle broke below 75,000, with the first target around 72,000. We’ve reached that level now. If you followed the trade, take profits where appropriate, or keep some of your position open and hold.

As you can see in the chart, the uptrend line has now been broken. Even if tomorrow’s candle closes back above it, making this a false breakdown, I’ll still be looking for further downside. I don’t think 72,000 is strong support. As I’ve said before, look for opportunities to short on rebounds. Don’t get greedy over a small bounce and go all-in on longs.

The next target is 70,000–67,000, clearly marked in the image. $BTC

Image 1: SK Hynix’s 985 was a false breakout, so according to yesterday’s analysis, it’ll keep falling today and tomorrow.

Image 2: The 930 support level was decisively broken. It’ll return to where it came from yesterday. For tonight, we can first watch the area around 850; tomorrow’s Korean stock market open is the main event. #skhy
#Anthropic refuses to delay its IPO—what valuation will it seek on this week’s roadshow?

$ETH could still head toward the area around the 1950 daily support level at the very least, so don't rush to buy the dip.

The current decline on the daily chart has three stages: the first is a drop through 2350–2150, the second a drop through 2150–1950, and if the third stage breaks below 1950, the next target will be around 1950–1720.

#黄仁勋再被曝与下属婚外情，或遭董事会罢免

Wait for the U.S. stock market to open tonight and return to around 800 #sndk

$SNDK The rebound is over. As discussed in yesterday’s analysis, the price pulled back to resistance, so it should continue falling on Thursday and Friday.

As for the talk of Nvidia’s CEO being ousted, it was clear on the day the news broke that the story would keep being hyped. I wonder if this hype is being used to shake out weak hands, before prices rise again after the earnings report comes out in a few days—shaking out positions and clearing leverage along the way.

Tonight, short US stocks if they rebound to 980 at the open.

They’ll rebound on Monday, Tuesday, and Wednesday; Thursday and Friday are most likely to see declines.
$SNDK